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prpnum1 prpnum1
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A year ago
Scenario: Two countries (A and B) have the same aggregate production function, the same level of technology, the same depreciation rate, and the same level of human capital. However, the saving rate is higher in country A than in country B.


Refer to the scenario above. In steady-state equilibrium, which country must have the higher GDP?

▸ Country B's GDP must be higher than Country A's GDP.

▸ The two countries' GDPs must be equal.

▸ Country A's GDP must be higher than Country B's GDP.

▸ There is no way to determine which country's GDP must be higher from the information given.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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lewmyrlewmyr
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A year ago
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prpnum1 Author
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A year ago
this is exactly what I needed
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This calls for a celebration Person Raising Both Hands in Celebration
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Thanks
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